Excellent opportunity to own a turnkey, fully occupied four-plex in the heart of NE Portland. This property features a desirable mix of units—three spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit—all fully remodeled in 2015 with high-quality finishes and modern updates, including in-unit washers and dryers.Professionally managed and consistently occupied, the investment is scheduled to gross over $75,000 in 2025. Actual financials closely mirror the pro-forma, supporting a realistic 5+% CAP rate, making this a solid, dependable investment.Located near Laurelhurst and the Hollywood District, just steps to restaurants, shops, parks, Providence Hospital, library, the Hollywood Farmers Market, and MAX Light Rail. Enjoy easy access to I-84 and major transit routes, making it highly attractive to tenants and commuters alike. Whether you're looking to grow your portfolio or invest in a high-performing asset in a thriving Portland neighborhood, this four-plex checks all the boxes.
Listing Provided Courtesy of Christopher Mackey, Windermere RE Lane County
General Information
327417535
21
DOM
5
4356 SqFt
3
3306
1966
R1
Multnomah
R110686
Laurelhurst
Laurelhurst
Grant
MultiFamily
AVALON, BLOCK 2, LOT 5 EXC PT IN HWY
Listing Provided Courtesy of Christopher Mackey, Windermere RE Lane County
Krishna Realty data last checked: Jul 22, 2025 02:11 | Listing last modified Jul 21, 2025 02:34,
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Residence Information
3306
5
3
BuiltUp
Assigned,OffStreet
2
1966
No
CementSiding
CrawlSpace
CrawlSpace
ConcretePerimeter
Features and Utilities
None
WallHeater
PublicSewer
Electricity
Financial
12753.21
0
MaintenanceGrounds,Sewer,TrashCollection,Water
Cash,Conventional
06-30-2025
No
No
Comparable Information
21
22
Cash,Conventional
$935,000
$935,000
Jul 21, 2025 02:34
Schools
Elementary : LaurelhurstN/ARatings Middle : Laurelhurst N/ARatings High : GrantN/ARatings
Excellent opportunity to own a turnkey, fully occupied four-plex in the heart of NE Portland. This property features a desirable mix of units—three spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit—all fully remodeled in 2015 with high-quality finishes and modern updates, including in-unit washers and dryers.Professionally managed and consistently occupied, the investment is scheduled to gross over $75,000 in 2025. Actual financials closely mirror the pro-forma, supporting a realistic 5+% CAP rate, making this a solid, dependable investment.Located near Laurelhurst and the Hollywood District, just steps to restaurants, shops, parks, Providence Hospital, library, the Hollywood Farmers Market, and MAX Light Rail. Enjoy easy access to I-84 and major transit routes, making it highly attractive to tenants and commuters alike. Whether you're looking to grow your portfolio or invest in a high-performing asset in a thriving Portland neighborhood, this four-plex checks all the boxes.
